by admin | Mar 29, 2016 | Market Data
Here’s what the owner of Oxford Exchange, who led the charge that ultimately killed the first iteration, thinks of the new proposal.
Source: www.bizjournals.com
Altman Companies came back with a dramatically different proposal for their proposed apartment project in the Grand Central Avenue area across from the University of Tampa just west of downtown Tampa. The new project nearly doubles the retail component and brings the unit count up to 314 units. The new project will be constructed of reinforced concrete as opposed to the frame construction of the previous incarnation which will allow it to increase the height and provide a better fit for the characteristics of the surrounding neighborhood.
by admin | Mar 2, 2016 | Market Data
Another developer has new plans for the property near Camden’s Westchase Park.
Source: www.bizjournals.com
Vertica Commercial Advisors / Vertica Partners closes 2 development sites in the Westcahse submarket of Tampa.
by admin | Mar 1, 2016 | Market Data
The White House recently touted that fact that U.S. businesses have added more jobs than any time since the 1990s, with unemployment dropping to 4.9%. So where’s all this job growth?
Source: www.marketwatch.com
Tampa Bay had some of the top job growth in the country in 2015 by adding nearly 39,000 jobs year over year.
by admin | Feb 25, 2016 | Market Data
The Tampa region added more than 38,000 jobs.
Source: www.businessobserverfl.com
From 4Q 2014 to 4Q 2015 the Tampa Bay metro area added 38,200 jobs, a 3.1% increase. This makes Tampa Bay one of the top metro areas for job growth in Florida and should continue to add to the sustained growth of both the residential and commercial real estate markets.
by admin | Feb 24, 2016 | Market Data
Tampa’s multifamily boom shows no signs of stopping, with another new tower in the works.
Source: www.bizjournals.com
Another apartment project has been announced in the Tampa market. The project would be up to 23 stories in height with 168 units averaging 1,000 square feet each. When new projects get announced late in the cycle by novice developers it is worth taking note. This is not to say the project will not be successful, but it is typical a sign to proceed with caution.
by admin | Feb 24, 2016 | Market Data
Investors who are looking to expand their footprint in the SFR space may want to look in one of the markets that has the highest cap rate. Where are those markets located?
Source: www.dsnews.com
The Tampa Bay market still ranks within the top 10 markets nationally for single family rental investors. It is also the only market in Florida and the Southeastern United States to crack the top 10.
